Basically it means it’s easy to know what you should’ve done once you’ve seen the results of what you have done.

In my case there’s a few things in terms of my online business that I wish I had done differently, but right now I’m going to tell you about one specific thing I wish I had done differently, knowing all that I know now.

I wish I had started one blog/website and put all of my efforts into it.

As you may or may not know, I run dozens of websites, both for myself and for my customers, but I wish back in 1995 when I created my first website that I had kept it up and running all this time, and put all my efforts and budget behind it, I could only imagine how big it could’ve been today.

I’ve invested thousands of dollars into marketing and design for a lot of my different web properties, and a lot of time creating content for them as well, and it’s paying off now because they are becoming more and more profitable, but I know if I had concentrated my efforts into only one, I would’ve been profitable a lot sooner and be making even more money.

Every once in a while, I think about trashing a bunch of projects to concentrate on only one or two because of this, but I’ve invested so much time, and love all my websites/blogs to do this, instead I’ve come to an alternative.

Since blogging takes a lot of my time, I’ve decided to reduce the amount of blogs I have and turn some of them into niche websites, meaning they won’t be updated as often, and won’t be presented in a typical blog fashion.

At the beginning of the year I made myself a plan for 2012, for each website I have a goal for each quarter of the year, and so far I’ve been pretty much on schedule. If everything goes to plan, I will have 20 active and “completed” websites (not counting my clients sites) by January 1st 2013, and then in 2013 I will focus on marketing them all.

All this to say that I wish I had never started multiple projects, and focused on one, but unfortunately (sometimes fortunately) my mind is built in a way to think a lot, specially when it comes to entrepreneurship.

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It is interesting you say this because just yesterday I listened to a webinar on building niche blogs and it was mentioned that there was no seven figure internet marketer who did NOT have many multiple websites. And I for one think it is only prudent to have at least a couple of websites in different niches.
As for what I wish I had done differently, it would have been an intense commitment to list building and email marketing.

I agree when it comes to niche websites, but my problem was that they were all built as blogs. Building a niche site doesn’t take as much time as maintaining a blog. I think most of the big names have 1-2 blogs, then a bunch of niche websites and products.